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Our market in Lake Charles remains consistant. There were about 339 homes sold in the 70605 zip code in the last 12 months with the average price being $211,587. The biggest challenge seems to be convincing both the buyers and the sellers to be realistic. For the most part it is a buyers market. However, in the case of homes under $250,000 that are updated, clean and well priced...there is likely to be a rush of buyers. In those situations, buyers need to be ready to act. This includes getting a mortgage pre-approval and also making a strong 1st offer. Feel free to contact me if you would like to find out more. Nikki Hagen @ Century 21 Bessette Realty 337-884-4455
Wed Jul 15 2009, 08:40